Is ENA Entering a New Bullish Phase After Breaking Key Structures?

Structure Break and Support Formation

Alongside this structural shift, ENA has also established a key support zone between 0.10 and 0.12 USD, which now serves as the foundation of the current bullish setup. This zone reflects an area where demand has stepped in and where price may find support in case of short-term pullbacks.

Trade Setup and Liquidity Targets

Based on this development, the market now offers a potential long setup, as long as price remains above the defined support zone. In this scenario, the most logical upside objectives are the nearby Buy-Side Liquidity zones, which begin around 0.18 USD, 0.21 USD, and 0.27 USD. These levels represent areas where price is likely to seek liquidity as bullish delivery continues.

From a risk management perspective, the Stop Loss can be placed around 0.085 USD, as a move below this level could invalidate the current bullish structure.

Risk Management and Invalidation

It is also important to manage the position actively. If price were to close below the support zone, even before reaching the Stop Loss level, it could signal weakening bullish momentum. In such a case, it may be reasonable to partially reduce exposure early, rather than waiting for full invalidation.

Market Outlook

At this stage, the structure clearly favors bullish continuation following the break of both internal and external bearish trends. As long as the support zone holds, the probability remains on the side of further upside, with liquidity targets acting as the next key objectives.